Discover the Advantages of Side Hustle Guide: 4 Steps You Can Take To Find Side Jobs (Plus Examples)

Discover the Advantages of Side Hustle Guide: 4 Steps You Can Take To Find Side Jobs (Plus Examples). If you’re looking to earn some additional income to supplement your full-time job, pursuing a side job …

Discover the Advantages of Side Hustle Guide: 4 Steps You Can Take To Find Side Jobs (Plus Examples).

If you’re looking to earn some additional income to supplement your full-time job, pursuing a side job can be a great opportunity. Securing a part-time side job allows you to make additional money quickly without having to divide your focus between two full-time careers. Learning about side jobs and how to pursue them can help you begin finding the right part-time job for you. In this article, we define what side jobs are, outline different types of side jobs with descriptions and examples, describe the steps for how to find side jobs and list their benefits.

What are side jobs?

Side jobs are typically part-time work opportunities you can pursue to earn additional income outside of your primary career. While a side job can be any type of work you secure in addition to your primary job, these jobs most often involve working on a part-time, freelance or passive basis. For example, using your skills to perform some routine maintenance or handy work for neighbors on the weekends can grant you some additional income outside of your primary job. Another example is earning passive income by renting out a spare room, guest suite or vacation home.

What are the benefits of having a side job?

People can choose to pursue a side job for many reasons. Here are some of the benefits of having a side job:

Earn extra income

The primary reason why people take side jobs is to earn extra money. Whether you’re looking to earn a little more disposable income or build a financial safety net and achieve your financial goals, having a side job can be a great way to make extra money. Depending on the type of side job you choose, you may find passive opportunities to earn additional income that require little time investment from you. Another option is to pursue a job that allows you to employ skills and interests you already possess. For example, you can turn a hobby into a side job.

Develop new skill sets

Having a side job can be a great way to develop new skills. For example, if you’re considering advancing in your current career or changing careers, taking a side job can help you develop the skills you need to pursue your goals while earning additional income. If you’re looking to advance into a leadership role, you can take a side job where you mentor others in your community to practice this skill and gain practical experience. For those looking to transition into a different industry, taking a relevant side job is a great way to learn skills and network.

Pursue a passion

Another benefit of having a side job is that you can use it to pursue your passions. While your career may help you earn a consistent income, you may use your free time to work in a role that provides emotional or intellectual satisfaction. A side job can be a great way of exploring your interests and pursuing meaningful work while gaining additional income. For example, you can work as a tutor, nursing home assistant, part-time animal shelter employee or craftsperson to enjoy work that’s meaningful to you.

Start your own business

Many people pursue side jobs as a way of starting their own businesses. Even if you can’t commit to running a business full time, operating one as a part-time job can be a great way to get started. For example, you can turn a hobby into a side business by marketing your skills and products online. Some examples of side businesses may include selling your artwork or crafts, starting a tutoring business, running a technology repair shop or doing freelance graphic design. If you hope to grow your business, starting small is a great way to gain an initial customer base.

Types of side jobs

If you’re considering a side job, here are some examples of common part-time jobs you can pursue:

Rideshare or delivery driver

Working in the transportation industry can be a great side job. Whether you work for a rideshare company or as a delivery driver, you can turn your personal vehicle into an opportunity to earn extra money. A major benefit of this type of work is that transportation contractors often get to choose their own hours. You can build a schedule that works for you, taking as many or as few hours as you need to make some extra money.

Personal assistant or caregiver

If you’re organized, professional and enjoy working with others, you may enjoy a side job as a personal assistant or caregiver. Personal assistants help others manage their daily schedules. They may run errands or manage other menial daily tasks. Those who work as caregivers may work from their employer’s home where they look after children, senior household members or people with special needs. These jobs can be a good option for those who enjoy helping others and want to earn additional money while providing support for those in their community.

Pet sitter or dog walker

For those who love animals, working as a pet sitter or dog walker can be a great side job option. Even if you have a full-time career, you can dedicate your evenings or weekends to looking after people’s pets while they’re unavailable. In this role, you get to enjoy time with animals while making some extra money.

Freelance contractor

Many industries rely on freelance contractors. Depending on your skill sets, you may be able to find freelance jobs in various creative professions. For example, you can be a freelance writer, editor, graphic designer, photographer or web developer. Some freelancers can also work in roles like recruitment, catering, event planning or organizing and moving. Depending on the industry and the employer’s needs, your freelance job may come with a contract that outlines the expectations of the agreement. In other cases, the freelance role may be informal and flexible.

Renter or second-hand seller

Another way to earn side income is to rent a space or conduct second-hand sales. If you have an extra bedroom, guest suite, unoccupied apartment or vacation home, renting it to guests can be an efficient way to earn extra income with minimal investment from you. By listing the space through a rental site, you can attract guests and gain income through a space you already own. Though you may need to perform some upkeep and maintenance between guests, this can be a relatively passive source of income. You can also sell or rent your second-hand items for additional income.

Tutor

Being a tutor can be a rewarding side job. If you’re passionate about an academic subject, working as a tutor allows you to share that passion while uplifting students looking for extra help with their schoolwork. As a tutor, you can choose what subjects to teach. Additionally, you can either work independently as a private tutor or work as a tutor through another organization. This side job offers flexibility and allows you to pick the right subjects and schedule for your lifestyle and needs.

Craftsperson

If you’re skilled in producing crafts, then you can sell them for extra income. There are many websites that allow artists to sell their work online. You can also start your own website to sell your crafts. Another option is to sell your products at craft fairs and festivals. If you enjoy making things, this can be a fulfilling source of extra income. You can enjoy your creative hobbies while also deriving additional money from your work. Some artists can even start full-time businesses after gaining recognition for their work.

How to find side jobs

If you’re looking to find a side job, here are four steps you can take:

1. Define your goals

The first step toward finding your perfect side job is to reflect on your goals. Understanding what you’re looking to get out of your side job can help you find the right one for you. Account for your financial goals, how much time you have to invest in your side job and what skills you can apply in the role. For example, some people may prioritize their financial goals when looking to start a side job, while others may prioritize flexibility. You may consider making a pros and cons list to help identify your priorities.

2. List your options

After identifying what you want from your side job, list your options. Making a list of options allows you to articulate different jobs you could do and compare them. You can use this list to narrow your choices. Think about how each job on your list helps you fulfill your goals. For example, you can identify which jobs are most likely to help you achieve your financial goals and compare those options to the ones that allow the most flexibility for your schedule. You can also account for jobs that make the best use of your skills.

3. Research how to pursue your preferred side job

Once you’ve prepared a list of jobs and narrowed your options, start researching how to pursue your preferred side jobs. Since side jobs can span many industries and may involve varying levels of formal employment, it’s important to research the jobs you’re interested in to learn how to get started. For example, if you’re looking for part-time work as a pet sitter, you can find jobs through online pet sitting forums or you may use word-of-mouth to find people in your community in need of a pet sitter.

If you’re looking for more formal employment, you may need to apply for a job or contract directly. This may involve submitting materials like a resume, cover letter, professional references and background check to gain formal employment. In other industries, it may be more common to have a portfolio or professional webpage to gain clients or freelance contracts. For example, if you have a side job as a freelance graphic designer, making a digital portfolio of your work is often an important part of getting clients.

4. Choose your side job and pursue it

Decide what side job to pursue based on your needs and goals. Use your research to help you get started in your preferred job. Depending on the type of job you’re starting, it can take time to gain clients, customers and recognition, but being persistent and reminding yourself of why you started your side job can help you overcome challenges. For example, if you’re starting a freelance side job, it can take time to build a steady client base. Preparing for this likelihood and setting realistic goals for growing your side job can help you stay invested.

 

Second Income: Definition, Pros and Cons and Tips

 

A second income can be a good way to pay down debt or save up for a vacation. Understanding the pros and cons of a second income can help you decide if finding one fits within your career plans. It can also be helpful to consider a few tips that you can use to find the right source of secondary income.

What is a second income?

A second income is a form of supplemental income that is in addition to your primary salary or pay. It may be in the form of a part-time position or a side business. A second income differs from a primary salary in that your work schedule and income may vary from week to week. The number of hours that you work earning a second income may fluctuate depending on how busy you are in your primary career.

Ways to earn a second income

If you’re looking for a second income, here are a few options to consider:

Active income

Active income refers to a type of income that requires you to complete a service or task. Here are a few types of active income to consider:

  • Find a freelance position: Freelance positions allow you to work on your own schedule. Some freelance positions may include writing, editing, virtual assisting or designing websites.

  • Work nights or weekends: If you’re willing to work in the evenings or weekends, you can earn active income with a part-time job. This may include tutoring or babysitting.

  • Take on gig work: Gig work, like delivering groceries or food, allowing you to work when you want by logging into the company app. You may also provide transportation services to customers.

  • Offer your consulting services: Consultants share their expertise in a specific industry with others in return for a fee. If you have expert knowledge in an area, you may be able to consult.

Passive income

Passive income is a source of income that may require you to work for a while but then will generate income without any effort on your part. Passive income does not always require as many resources from you as active income. Here are a few types of passive income to consider:

  • Invest in the stock market: Investing in the stock market or with private companies can earn you a passive secondary income.

  • Rent out unused space: If you have an extra room or space, you may be able to rent it out to others for a secondary income.

  • Rent out your vehicle: Turn your vehicle into extra income by renting it out to people when you’re not using it.

  • Set up an online store: If you have good shopping skills, you can find items at garage sales or second-hand stores and sell them online. You can also sell homemade crafts or products you make.

Benefits of a second income

Adding a second income to your household offers many benefits, including:

Pay off debt faster

A second income can help you pay off debt faster. Whether you have student loans, medical bills or just want to pay off your credit card faster, a second income allows you to apply more money to your debt. Because the income is in addition to your primary source of income, you can pay off debt without affecting your normal household budget.

Increase your savings

A second income is a good way to increase your savings. Growing your savings account is important for protecting against unexpected costs and an increase in the cost of living. A second income can also provide you with job security in the event you decide to change careers or reduce work hours.

Increase your disposable income

A second income can also give you more disposable income. This means that it may not take as long for you to save up for a vacation or you may be able to increase your college fund faster. When you spend a second income on extra expenses, you can ensure that you properly allocate your primary income to manage your monthly expenses.

Enjoy a flexible schedule

A second income can provide you with a flexible schedule. In most cases, you can add a second income to your current schedule, working around your current career. Depending on the source of second income, you may be able to work when you want, including nights and weekends. This type of schedule may be ideal for students or parents with young children at home.

Work from home

Some second income sources allow you to work from home. This means you don’t have to account for commuting costs. You also can reduce costs by eating meals at home. It also means that you can earn money without finding a babysitter. A lot of work from home jobs also allow you to work on your own schedule, meaning you can work in between helping children with homework or doing household tasks.

Do something you enjoy

Turning certain hobbies into a second income can allow you to earn money while doing something that you are passionate about and enjoy. If you enjoy photography or writing music, you may be able to turn these into a business that earns an income. If you like crafting or creating furniture, you can increase your income while engaging in a hobby.

Drawbacks of earning a second income

It is also important to consider the potential drawbacks of having a second income. A few of these include:

Tax implications

Any time you increase your earnings, you will have to consider your tax implications. Some second income sources may not automatically take taxes out as a salaried position does. However, by planning ahead and setting aside money to cover taxes, you can still earn a second income without an unexpected, costly annual tax bill.

Time constraints

Adding a second income to your household may require that you give up some free time. You may have to spend your days completing your primary position’s duties and during your evenings, work on your second income. Fortunately, with time management skills and a plan, you can ensure that the second income is worth the time you have to give up. If you choose something you’re passionate about, you may enjoy the time spent.

May require you to work nights, weekends or holidays

Many second-income positions may require that you work nights, weekends or holidays. Keep this in mind as you consider your options and decide if you are willing to give up this time for additional income. If keeping your nights and weekends open is important to you, there are a lot of second-income options that allow you to work when you want, such as in a freelance position or as a gig worker.

Income is not always a guarantee

It is not always as easy to predict a second income. It is best to allocate any earnings from a second income to savings or paying down debt, as funds may fluctuate too much to cover monthly bills. This also allows you to better accommodate different schedules without requiring you to spend a set number of hours in your secondary position.

Tips on finding a second income

Here are a few tips you can use to earn a second income:

  • Treat the application process as you would any other position: When applying for a position for a second income, treat the application process as you would any other position. This means creating a cover letter for the specific position, writing a resume that highlights your skills and thanking the hiring manager for an interview.

  • Turn your primary skills into a secondary income: It’s likely that your primary position requires certain skills. As long as it doesn’t violate any contracts, you may be able to use these same skills to generate a second income. For example, if you are a teacher, you may be able to use your teaching skills at night for study prep or tutoring.

  • Consider your interests and hobbies: Find a second income opportunity that you enjoy by considering your interests and hobbies. This is a good way to earn an income without it feeling like work.

  • Create a business plan: Whether you plan to sell products or freelance, creating a business plan can ensure you know what to expect. It can also help you determine if the resources you use are worth the income that you generate.